Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Code Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)

6. Statement 805: Preferential Procurement for QSE's

6.1 The QSE Preferential Procurement Scorecard
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The following table represents the criteria for deriving a score for preferential procurement under this statement:

 

Criteria

Weighting Points

Compliance Targets

Years 0–5

Years 6-10

BEE Procurement Spend from all Suppliers based on the BEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

25

40%

50%